02/18/2015
FCA may force bankers to hand back basic pay if found guilty
Wheatley said the regulator was “sympathetic” to the idea despite “all sorts of con-tractual issues”.
Legal, Regulation & Compliance
02/17/2015
FINLAND: Banks under pressure to offer online banking to foreigners
To Allred, it seems that still isn’t good enough when it comes to doing some kinds of business in Finland.
02/17/2015
FCA joins HSBC tax-dodging inquiry
The announcement is the first official indication by any UK regulator or authority that it may investigate the role of the bank
02/17/2015
Arlette Ricci faces prison for 'hiding £13.9 million from French tax authorities'
The heir to the Nina Ricci perfume fortune went on trial and faces ten years in prison
02/17/2015
France issues warrants for UBS managers in tax fraud case
The hefty payment followed charges of tax fraud in July.
02/17/2015
Banks battle to retain junior ranks as bonuses 'normalise'
In meetings across the world’s financial centres, senior bankers are having the annual conversation many have come to dread.
02/16/2015
Compliance: Blame Game
The charge that we face a ‘rising tide’ of legal and regulatory ‘burdens’ is hardly new
02/16/2015
Shearman & Sterling Advises Qatar Investment Authority on Offers for Canary Wharf Group
Shearman & Sterling is also advising QIA and Bidco on the follow-on £4.1 billion mandatory cash offer for the entire issued share capital of CWG which is not already held by Songbird
02/16/2015
Eversheds raids EY and KPMG to launch consulting arm
Eversheds has firm plans for further investment in and growth of the team over the coming months.
02/16/2015
GFSC signs MoU with Luxembourg
The MoU has been signed in the spirit of mutual cooperation and information exchange seen as crucial by the G20 countries and international standard setters for financial services supervisors.
02/16/2015
HSBC helps around 6,000 rich French lawyers dodge taxes
International banking giant HSBC helped around 6,000 rich French lawyers, artists, businessmen and even a World Cup winner dodge taxes, new explosive reports claim
02/16/2015
OPG Luxembourg Court Accepted Kingstown's Request To Withdraw Its Former Legal Action
The legal action, filed on 19 February 2014, notably in connection with capital increase of CPI PROPERTY GROUP of 4 December 2013
02/15/2015
Barclays fails to win dismissal of NY 'dark pool' lawsuit
The judge also dismissed a claim that Schneiderman brought under a separate state law.
02/13/2015
'Leonardo da Vinci' seized by Swiss police from vault
Police have seized a painting thought to be by Leonardo da Vinci from a Swiss bank vault during an investigation into tax and insurance fraud.
02/13/2015
Paul Crowley & Co Solicitors opens new office in Liverpool city centre
The commercial district base will house PCS Law, the firm’s new commercial law department
02/12/2015
Bank worker faces jail after helping steal £123k from account after threats to reveal naked pictures
Court hears Anisyah Ali, 25, who was working at Halifax's North Finchley branch in north London, passed confidential details to fiance
02/12/2015
Guernsey: How Is More Regulation Impacting Fund Distribution?
Dominic Wheatley, Chief Executive of Guernsey Finance, looks at the impact of regulations such as AIFMD have impacted the funds industry
02/12/2015
U.K. Regulators Investigating 67 Hedge Funds, Alts Managers
The consumer regulator had 67 investigations open as of Jan. 26 on people or firms it has approved to manage investments under the Alternative Investment Fund Managers Directive
02/11/2015
Da Vinci painting seized at Swiss bank
The painting was found to be in Switzerland in 2013 after Italian authorities were alerted
02/11/2015
HSBC could face U.S. legal action over Swiss accounts
U.S. authorities are also probing whether HSBC manipulated currency rates